Newell Brands Stock Surpasses Analyst Target, Sparks New Investor Insights
Recently, shares of Newell Brands Inc (Symbol: NWL) rose above the average 12-month target price set by analysts, trading at $9.53 per share, compared to the target of $9.12. When stocks reach their target price, analysts typically reassess their evaluations. They may decide to either downgrade the stock due to valuation concerns or increase their target if they believe the company’s prospects have improved.
The average target includes insights from 10 different analysts in the Zacks coverage universe. However, not all analysts agree; some set lower targets, with one suggesting a price of $8.00, while another forecasts as high as $12.00. The calculated standard deviation among these targets is $1.185.
The concept of the average price target aims to harness collective insight—a “wisdom of crowds” approach. With NWL’s current price exceeding the average target, this signals investors to evaluate the stock closely. They must consider whether $9.12 is merely a milestone toward an even higher valuation or if it has stretched too far and it’s time to sell portions of their investment. Below is a snapshot of recent analyst ratings for Newell Brands Inc:
| Recent NWL Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 1 | 1 | 1 | 1 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 9 | 9 | 9 | 10 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 0 |
| Average rating: | 3.0 | 3.0 | 3.0 | 2.82 |
The average rating in the table is scored from 1 to 5, where 1 signifies a Strong Buy and 5 indicates a Strong Sell. This analysis uses data from Zacks Investment Research via Quandl.com. For updated information, you can access the latest Zacks research report on NWL — FREE.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
